QQQ Weekly Technical Analysis
Nasdaq-100 Index (Tech)
Invesco QQQ - Follows the Nasdaq-100 index, heavily weighted toward major technology companies.
QQQ Technical Analysis Summary
The weekly technical posture remains resolutely bullish from a macro perspective, with price action decisively above key upward-sloping moving averages. However, the short-term picture shows momentum cooling off, as evidenced by the MACD crossing downwards and the RSI receding from overbought territory. This current high-level consolidation appears to be a healthy pause within the larger structural uptrend, provided price remains above primary support near the 50-week SMA.
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QQQ Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Neutral
Price is consolidating near its recent highs and hovering around the 20-week SMA. The weekly MACD has experienced a bearish crossover and the histogram is negative, indicating slowing near-term momentum, but primary uptrend structure has not been broken.
Long-term Sentiment (weeks to months): Bullish
The macro price structure shows a clear, multi-year sequence of higher highs and higher lows. Price remains positioned well above the rising 50-week and 200-week Simple Moving Averages, confirming a strong underlying trend.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-02-21T18:02:09.877Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $595.00 | $590.00 - $600.00 | Weak | Immediate short-term support zone consisting of recent swing lows during the current consolidation phase. |
| $562.50 | $550.00 - $575.00 | Strong | Major structural support zone. This area previously acted as resistance before a breakout and currently aligns closely with the rising 50-week SMA. |
| $462.50 | $450.00 - $475.00 | Strong | Significant prior macro consolidation zone and structural swing low before the most recent major leg higher. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $642.50 | $635.00 - $650.00 | Strong | The overhead supply zone marked by the recent all-time high peaks. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | High-Level Consolidation | Neutral | N/A | Following an extended parabolic advance, the price is currently trading sideways to slightly lower in a narrow range. This represents a period of digestion and profit-taking near all-time highs. |
Frequently Asked Questions about QQQ
What is the current sentiment for QQQ?
The short-term sentiment for QQQ is currently Neutral because Price is consolidating near its recent highs and hovering around the 20-week SMA. The weekly MACD has experienced a bearish crossover and the histogram is negative, indicating slowing near-term momentum, but primary uptrend structure has not been broken.. The long-term trend is classified as Bullish.
What are the key support levels for QQQ?
StockDips.AI has identified key support levels for QQQ at $595.00 and $562.50. These levels may represent potential accumulation zones where buying interest could emerge.
Is QQQ in a significant dip or a Value Dip right now?
QQQ has a Value Score of 36/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
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